Boston Mayflower’s decision to enter into merger discussions with Axiom Housing Association (Peterborough) was announced in July 2007.
Tenants of both organisations were consulted on the merger proposal in October / November 2007. Having considered and noted the feedback from tenants, the Boards of both organisations decided that their discussions should continue.
Following a detailed “health check” of each organisation (officially called “due diligence”, which involves checking for any legal, financial or other issues which might threaten a successful outcome), both Boards are now satisfied that the merger should go ahead.
We have provided tenants with progress reports on merger discussions in our Quarterly Newsletter. The next edition - due out in July - will feature an announcement that the merger is going ahead, and include a pledge from the Chairs of the two Boards about involving tenants in this process. You can also read this pledge and other updates here on the website.
You can visit Axiom's website at http://www.axiomha.org.uk